In addition to helping people make great decisions about credit, Borrowell also recommends a range of insurance products to meet your needs. Compare insurance online with Borrowell!
You might have great credit, but are you prepared for unexpected life events? Borrowell works with top brokers and providers to help you meet your home, auto, and other insurance needs.
We combine technology and expertise to recommend products that are best suited to your financial profile. We also provide you with tips to help improve your credit score which can often help you qualify for lower rates and premiums!
Borrowell is Canada's leading credit education company and offers more than just free credit scores!
Free weekly credit score and report monitoring
Personalized financial product recommendations
Free credit improvement tips and education
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The first in Canada, our AI-powered Credit Coach helps you understand your credit score and provides tips that may improve it.
Compare financial products from over 50+ partners and get personalized recommendations based on your credit profile.
Here are a few companies that we partner with to provide our customers with options that meet their needs. Sign up to learn more about coverage and personalized pricing.
Check your free credit score and we'll show you insurance options that meet your needs.
To understand how credit score and missed payment trends across Canada have changed during COVID-19 measures, Borrowell, a fintech company that offers free weekly credit score updates, analyzed credit scores and credit reports of 1,015,369 Canadians, including those in 20 of the largest cities in Canada from Q1 2020 to Q1 2021.
The Borrowell Team
Apr 29, 2021
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Payment history makes up 35% of your score. One late bill payment can decrease your credit score by up to 150 points, according to Borrowell data.
Evan Miersch
Jan 28, 2021
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Here are eight tangible steps you can take to improve your credit score. Your credit score directly impacts your ability to get approved for financing, including credit cards, loans, and mortgages.
Gaurav Pokharel
Feb 04, 2021
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Many people use the terms credit score and credit report interchangeably. Although the two are related, credit scores and credit reports are in fact different from each other.
Sean Cooper
Apr 06, 2021
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Your credit report paints a picture of how financially responsible you are. You should regularly review your credit report, as lenders look at your report before approving you for credit products. Reading your credit report can be overwhelming and confusing, but it doesn’t have to be! Here’s a clear breakdown of how to read your credit report, including what information is in it, what this information means, and how long this information stays on your report for.
Evan Miersch
Jan 08, 2021
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Since Borrowell offers free credit reports for Canadians – we get asked all the time: “How long does information stay on my credit report?”
Rachel Surman
Jan 05, 2021
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According to 2021 data from over 1 million Borrowell members, the average credit score in Canada is 667. Having a credit score above this average will make it easier to qualify for credit products, so you should use this as a benchmark to compare your own credit score.
Rachel Surman
Jan 18, 2021
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A credit score of 680 or above is required to qualify for the best mortgage rates in Canada in 2021.
Sean Cooper
Jan 21, 2021
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Not all credit inquiries are created equal and they impact your score in different ways. Here's a closer look at the differences between hard and soft credit inquiries.
Janine DeVault
Jan 14, 2021
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